Property Description
Prime investment opportunity on Ladysmith’s main corridor! Positioned on the high-visibility corner of Lake Avenue East and Highway 8, this zero-entry, slab-on-grade commercial building offers unmatched exposure, consistent vehicle traffic, and even uncapitalized views of the Flowage with your own frontage. The building features three fully leased units ready to add to your investment portfolio! The west unit is home to a long-standing nail salon tenant, leased through September of 2028. The middle unit is leased through September 2026 and operating as a 24-hour laundromat and the laundry equipment is included! This lease also includes full use of the adjacent office space (the east unit) and all on-site commercial laundry equipment; maintained by the tenant. Offering a solid tenant mix, stable income, flexible-use layout, and high-traffic corner placement, this is a rare chance to acquire a turn-key income-producing asset in a growing Northwoods community.
Interior Features
- Above Grade Finished Area: 3,907 SqFt
- Accessibility Features: Accessibility Features, Other, Accessible Entrance
- Building Area Total: 3,907 SqFt
- Cooling: Central Air, Other, See Remarks
- Foundation: Poured
- Heating: Baseboard, Forced Air
- Living Area: 3,907 SqFt
Exterior Features
- Building Features: Private Restrooms
- Construction: Log, Wood Siding
- Lake/River Name: Flambeau
- Lot Size: 0.45 Acres
- Road Surface: Asphalt
- Road Type: City Street, Highway
- Sewer: Public Sewer
- Water Source: Public
- Waterfront Length: 120 Ft
Property Details
- 2024 Taxes: $7,907
- County: Rusk
- Possession: Subject To Tenant Rights
- Possible Use: Office, Retail
- Property Subtype: Commercial
- School District: Ladysmith
- Status: Active
- Township: City of Ladysmith
- Year Built: 2007
- Zoning: Commercial, Shoreline
- Listing Office: Keller Williams Realty Diversified
- Last Update: November 14th @ 9:56 AM
